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Board reviews unaudited Sept. 30 financials; staff to correct misclassified expenses
Summary
District Manager Mrs. Adams flagged line‑item variances in the unaudited Sept. 30, 2024 financial statements — Engineering at 209% of budget, Contingencies at 421% (including $4,209 that should be under landscaping), and NPDES reporting at $19,805 (152%) — and staff will obtain invoices and correct classifications in the next financials.
Mrs. Adams presented the unaudited financial statements as of Sept. 30, 2024 and identified several apparent misclassifications and variances. She said General Fund "Engineering" is at 209% of budget and asked Corporate for paid invoices to determine whether expenditures should be under a Special Revenue Fund. She also said General Fund "Contingencies" is at 421% because $4,209 should be classified under "Other contractual" as landscaping.
Mr. Blumenthal questioned a General Fund NPDES reporting filing line item of $19,805 (152% of budget); Mrs. Adams said she would review the General Ledger and provide corrections. Mr. Adams indicated some preliminary Series 2022A note expenses may have been misposted, and staff will reconcile the check detail. The engineer noted incorrect sign copy with Lykins‑SignTek and staff were asked to inspect rusted lake and wetland signs and coordinate replacements.
The Board ratified the audited financial report for the fiscal year ended Sept. 30, 2023 earlier in the meeting and requested that corrections to the current unaudited statements be incorporated into the next published financials.
